Gross Sees Treasurys' Top

Pimco Founder's Remarks That Bull Run Has Ended Help Push Prices Lower

By

Min Zeng

Updated May 10, 2013 9:31 p.m. ET

Bill Gross said the three-decade bull run in bonds ended in late April, in his latest attempt to call the top in a market whose buoyancy has repeatedly tripped up skeptical investors.

The comments by the manager of the world's largest bond fund extended a May selloff of Treasurys, sending U.S. government-bond yields to the highest level since late March. The 10-year Treasury note fell 25/32 in price on Friday, to yield 1.900%,...